Michael Passante
Michael Passante is a CFP-designated registered investment advisor at Osaic Wealth, INC., based in Newburgh, NY, with 18 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
11 Balmville Rd., Suite 2 North, Newburgh, NY, 12550-1911
Get directionsHistory
Regulatory History (1)
Customer Dispute
October 2011Other Business ActivitiesSells Insurance
Michael owns JCM Capital Management, a real estate rental property, and is also the Director of Financial Planning at Focused Wealth Management. He also sells fixed annuities and term life insurance through Focused Wealth Management Inc, dedicating minimal time to these activities.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Focused Wealth Management, INC.
Previous Registrations
Securities America, INC.Broker
State Registrations28 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.